natural gas

Mexico’s CFE Eyeing 2024 In-Service for Yucatán Natural Gas Power Plants

Mexico’s CFE Eyeing 2024 In-Service for Yucatán Natural Gas Power Plants

Mexico’s state power company Comisión Federal de Electricidad (CFE) is aiming to bring online 1.5 GW of natural gas-fired power generation capacity on the Yucatán Peninsula by summer 2024, CEO Manuel Bartlett said Monday. The combined-cycle plants in Mérida and Valladolid would have capacities of 499 MW and 1,020 MW, respectively, and run primarily on…

January 31, 2023
Bears Maul Natural Gas Futures Even As Heating Demand Mounts

Bears Maul Natural Gas Futures Even As Heating Demand Mounts

Traders looked past the arrival of below-average temperatures this week and focused on strong production and expectations for mild mid-February weather, sending Natural gas futures lower on Monday. The March Nymex gas futures contract, in its first regular session as the prompt month, fell 17.2 cents day/day and settled at $2.677/MMBtu. April lost 14.7 cents…

January 31, 2023
CFE Planning Natural Gas Capacity Auction in U.S. and Mexico, says Top Official

CFE Planning Natural Gas Capacity Auction in U.S. and Mexico, says Top Official

Mexico’s Comisión Federal de Electricidad (CFE) is preparing to hold auctions in the United States and Mexico to sell natural gas capacity to third parties. The state-owned company seeks to develop a secondary market to improve its overall profit margins, Miguel Reyes, CEO of CFE International, said during the 8th Mexico Infrastructure Projects Forum in…

January 30, 2023
Ohio Law Labels Natural Gas ‘Green,’ but What Does It Mean?

Ohio Law Labels Natural Gas ‘Green,’ but What Does It Mean?

Natural gas is officially labeled “green” in Ohio after Gov. Mike DeWine earlier this month signed House Bill (HB) 507 into law, though the green stamp may not carry much legislative weight for funding or regulations, according to the governor’s office.  HB 507 passed the Ohio Senate last month, with the primary goal of ensuring…

January 26, 2023
Weekly Natural Gas Prices, Futures Fall Amid Seasonally Soft Demand, Robust Production  

Weekly Natural Gas Prices, Futures Fall Amid Seasonally Soft Demand, Robust Production  

Weekly natural gas cash prices and futures descended in tandem during a holiday-shortened stretch of trading defined by benign weather, weak demand and stout production. With traders focused on supply/demand imbalance, NGI’s Weekly Spot Gas National Avg. for the Jan. 17-20 period slid 8.5 cents to $5.490. At the close of a trading week that…

January 20, 2023
Natural Gas Futures Finish Bruising Week on Sour Note; Cash Prices Tumble

Natural Gas Futures Finish Bruising Week on Sour Note; Cash Prices Tumble

Natural gas futures traded in a narrow range much of Friday, ultimately culminating another sluggish week with a loss amid mild weather and elevated production levels. The February Nymex gas futures contract settled at $3.174/MMBtu, down 10.1 cents day/day. March lost 8.8 cents to $3.036. At A Glance: Prompt month sheds 10 cents Heating demand…

January 20, 2023
COLUMN: Mexico Needs Proper Commercial Configuration for Growing Gas Production

COLUMN: Mexico Needs Proper Commercial Configuration for Growing Gas Production

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. According to the Hydrocarbons Information System (SIH), part of the Comisión Nacional de Hidrocarburos (CNH), the Quesqui field in Mexico’s southeast began…

January 20, 2023
U.S. Midstream Working to Expand Permian, Haynesville Natural Gas Pipelines

U.S. Midstream Working to Expand Permian, Haynesville Natural Gas Pipelines

As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets like the Permian Basin and Haynesville Shale could be turned upside down in 2023 as midstream bottlenecks leave gas stranded. LNG developers on the Gulf Coast are in a race to boost liquefied natural…

January 20, 2023
February Natural Gas Futures, Cash Prices Struggle in Wake of Weak Storage Print

February Natural Gas Futures, Cash Prices Struggle in Wake of Weak Storage Print

February natural gas futures fell a second consecutive day after an anemic storage print – and expectations for more ahead – punctuated supply/demand imbalance concerns and weighed on prices. The February Nymex contract declined 3.6 cents day/day and settled at $3.275/MMBtu. Gas for delivery in March eked out a 1.3-cent gain to $3.124. NGI’s Spot…

January 20, 2023
Onshore Natural Gas Production Still Growing, with Haynesville Leading, EIA Modeling Shows

Onshore Natural Gas Production Still Growing, with Haynesville Leading, EIA Modeling Shows

Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should climb to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural…

January 20, 2023
‹ Previous 1 2 3 1,183